Rising Gold Price Boosted Barrick Mining Corporation (B) in Q3

Ariel Investments, an investment management company, released its “Ariel Focus Fund” third-quarter investor letter.  A copy of the letter can be downloaded here. US equities increased significantly in the third quarter, driven by the Federal Reserve’s first rate cut, strong corporate earnings growth, and broadening market participation. In this environment, the fund increased by 20.76%, outperforming the 5.33% gain for the Russell 1000 Value Index and the 8.12% return for the S&P 500 Index. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Ariel Focus Fund highlighted stocks such as Barrick Mining Corporation (NYSE:B). Barrick Mining Corporation (NYSE:B) is a mining company engaged in the exploration, development, production, and sale of mineral properties. The one-month return of Barrick Mining Corporation (NYSE:B) was 7.64%, and its shares gained 122.33% of their value over the last 52 weeks. On November 12, 2025, Barrick Mining Corporation (NYSE:B) stock closed at $37.33 per share, with a market capitalization of $62.992 billion.

Ariel Focus Fund stated the following regarding Barrick Mining Corporation (NYSE:B) in its third quarter 2025 investor letter:

"Shares of gold mining company, Barrick Mining Corporation (NYSE:B) also jumped in the quarter on strong financial results buoyed by rising gold prices. The company also announced the strategic divestiture of its Hemlo Gold Mine to Carcetti Capital for $1.09 billion, a move aimed at 1The Magnificent Seven include Nvidia, Alphabet, Meta Platforms, Microsoft, Tesla, Apple and Amazon.com. streamlining its asset portfolio and sharpening operational focus. Barrick’s solid liquidity position continues to underpin its commitment to shareholder returns, reflected in ongoing dividends and share repurchase activity. In a notable leadership transition, President and CEO Mark Bristow will step down after nearly seven years of service. The company has initiated a formal search for his successor."

Barrick Mining Corporation (NYSE:B) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 53 hedge fund portfolios held Barrick Mining Corporation (NYSE:B) at the end of the second quarter, up from 46 in the previous quarter. While we acknowledge the potential of Barrick Mining Corporation (NYSE:B) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Barrick Mining Corporation (NYSE:B) and shared PBCM Concentrated Value Strategy's views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.